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What Kinds of Financial Statements Do Small Businesses Use?

What Kinds of Financial Statements Do Small Businesses Use?

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May 2021

Small businesses use financial statements for many reasons. But knowing which one to use and what their limitations are can be confusing.  But what are financial statements? Providing you with an overview of your company's financial status, these statements show measurements of your company's financial position, helping you make smarter business decisions. Let's take a look at different types of financial statements and how they're used by small businesses.

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